Does public investment boost economic growth? Evidence from an open-economy macro model for India

Arbeitspapier

Using annual data for India for the period 1984-2003 and employing parametric technique (GMM), the present paper jointly determines GDP growth, real exchange rate and net foreign assets in Indian economy. There is evidence that public investment exerts a significant influence on real exchange rate and the growth rate and does so non-linearly. A comparison of the Indian estimates with those available for the UK and the USA economies is also revealing and highlights the role of governance on the effects of public investment.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Cardiff Economics Working Papers ; No. E2008/24

Classification and Topics

• Classification: Wirtschaft
• Subject: Public investment ; Economic growth ; Real exchange rate ; Simultaneous model ; Generalised method of moments ; Öffentliche Investition ; Wechselkurs ; Wirtschaftswachstum ; Auslandsvermögen ; Kapitalimport ; Indien

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Pal, Soubarna
• Event: Veröffentlichung
• (who): Cardiff University, Cardiff Business School
• (where): Cardiff
• (when): 2008

Further information

• Handle: http://hdl.handle.net/10419/65748
• Last update: 10.03.2025, 11:44 AM CET